Publication:
Timor-Leste Economic Report, December 2022: Honoring the Past, Securing the Future

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-02-15T17:53:02Z
dc.date.accessioned2023-03-06T16:04:46Z
dc.date.available2023-02-15T17:53:02Z
dc.date.available2023-03-06T16:04:46Z
dc.date.issued2022-12
dc.description.abstractThe global economy continues to face steep challenges, but Timor-Leste’s economy is slowly recovering. Nevertheless, gross domestic product (GDP) per capita has not returned to pre-pandemic levels. Consumer price inflation reached 7.9 percent yoy in August 2022, one of the highest in the East Asia Pacific region. The real effective exchange rate (REER) has appreciated by about 10 percent since the first quarter of 2021. Enhancing productive capabilities through structural reforms and improving quality of public spending hold the key for accelerating and sustaining economic development. Extending the life of petroleum fund through fiscal consolidation is essential to delay the fiscal cliff and ensure the perpetuation of government spending to support economic growth. Despite receding impact of the pandemic, the level of government spending has not returned to the pre-COVID 19 levels.en
dc.identifierhttp://documents.worldbank.org/curated/en/099093502072333494/P17968902205ad04c0bbc7049b7cd866277
dc.identifier.doihttps://doi.org/10.1596/39439
dc.identifier.urihttps://hdl.handle.net/10986/39439
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectGDP
dc.subjectSOCIAL PROTECTION
dc.subjectDELIVERY SYSTEMS
dc.subjectREFORM
dc.titleTimor-Leste Economic Report, December 2022en
dc.title.subtitleHonoring the Past, Securing the Futureen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleTimor-Leste Economic Report, December 2022: Honoring the Past, Securing the Future
okr.date.disclosure2023-02-07
okr.date.doiregistration2025-05-07T11:53:08.596040Z
okr.date.lastmodified2023-02-07T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099093502072333494/P17968902205ad04c0bbc7049b7cd866277
okr.guid099093502072333494
okr.identifier.externaldocumentumP179689-2205ad85-71d5-4c4c-bbc7-49b7cd866277
okr.identifier.internaldocumentum33997046
okr.identifier.report179974
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099093502072333494/pdf/P17968902205ad04c0bbc7049b7cd866277.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryTimor-Leste
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicSocial Protections and Labor::Social Protections & Assistance
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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